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20121201
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of the heritage foundation next april, shep? >> shepard: pretty penny for that one. mike emanuel on the hill. thanks. taxpayers may end up tore forebailout. housing secretary says the federal housing administration is facing a deficit of $16 billion. fha insures all mortgages in the country. more and more homeowners are defaulting on those loans. the agency has planned to announce fees next year. the housing secretary says that probably won't be enough. taxpayers have already spent more than $135 billion. bailing out fannie mae and freddie mac. mortgage companies the government controls. by the way, the feds have now or now have a hand in almost 90% of home loans in the united states. peter barnes from fox business is in d.c. tonight. how much could this new bailout cost if it happens, pete? >> well, shep, the fha ensures more than a trillion dollars in riskier mortgages with low down payments. typically 3.5%. so many of its older loans are going bad that one critic, ed pinto of the american enterprise institute estimates that a full blown recappization could cost taxpayers $25 billion if co
that also kick in in 11 hours from now. republicans argued that is just robbing pete tore pay paul. chief congressional correspondent mike emanuel is live at the capitol following all of the bouncing balls. hey, mike. >> reporter: one concern for republicans as they look at this deal is what about spending cuts? where are the spending cuts? it sounds like they are getting close in the talks between vice president joe biden and the senate republican leader mitch mcconnell but there is not a deal until senator mcconnell knows he has enough support. let's take a look at some of the key points of a framework of the deal according to sources close to the talks. it would raise taxes on income tax amounts above $400,000 for individuals, $450,000 for families. it would address the estate tax, the alternative minimum tax, the medicare doc fix and unemployment insurance. current discussions about how best to address the automatic spending cuts that is called sequestration, the automatic cuts to defense, and domestic programs. a short time ago a leading republican expressed a great deal of concern a
Search Results 0 to 2 of about 3 (some duplicates have been removed)

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